Biden Enlists Dimon, Fraser to Pressure GOP on Debt Limit
- Some invitations to meeting went out only Tuesday afternoon
- Dimon says lawmakers should ‘get rid of the debt ceiling’
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President Joe Biden enlisted financial and corporate leaders to help him pressure Republicans to stop blocking efforts to suspend the U.S. debt ceiling, warning that the government faces a first-ever default that would tank the economy.
Biden hosted a mostly virtual meeting at the White House with several chief executive officers, whom he asked to explain how a default would impact their businesses, customers and the broader economy.